News Summary TerrAscend Corp. will close its 20 dispensaries and four cultivation facilities in Michigan, leading to the layoff of 236 employees. The company’s decision, driven by market challenges and a significant operational evaluation, marks a 21% reduction in its workforce. As sales of recreational cannabis decline, TerrAscend plans to
News Summary TerrAscend Corp. has announced its exit from the Michigan cannabis market, resulting in over 230 layoffs and plans to divest all Michigan assets, including four cultivation facilities and 20 retail stores. This decision reflects the challenges in the Michigan cannabis market, including market oversupply and declining prices. While
News Summary TerrAscend Corp has announced its exit from the Michigan cannabis market, affecting 20 dispensaries and over 240 employees. This strategic move is part of a broader workforce reduction of 21% across the company. The decision comes as sales in Michigan decline and the company redirects focus to more
News Summary The auto industry in Michigan and Ohio is experiencing significant upheaval as unemployment rates soar. Factors such as high interest rates, cooling labor markets, and potential tariff changes are impacting local businesses. Major automakers like GM and Ford are scaling back operations and laying off thousands of workers,
News Summary Initial unemployment claims in Michigan declined to 5,939 last week, showing signs of potential stabilization in the labor market. This decrease follows a sharp spike in early May, when claims rose by nearly 130%. While claims have hovered around 6,000 for months, upcoming changes to unemployment insurance laws
News Summary A 23-year-old road crew worker in Brighton Township lost his life after being struck by an excavator on June 30, 2023. While working near Grand River Avenue, he was in an excavated hole at the time of the incident. Despite prompt medical attention, he died from his injuries
News Summary Recent data from the University of Michigan highlights a dramatic decline in consumer sentiment, reaching historic lows despite a small recovery in June. The Michigan Index of Consumer Sentiment saw a 29% drop in early 2025, with a slight bounce to 60.5 in June. Despite this uptick, consumer
News Summary Michigan’s unemployment rate decreased slightly from 5.5% in April to 5.4% in May, yet it ranks 49th among states, with job losses particularly in manufacturing. Although a slight drop occurred, economic forecasts suggest continued struggle with unemployment due to various challenges. Comparisons with other states show Michigan’s rate
News Summary In Michigan, seven companies have announced significant layoffs affecting approximately 700 workers this month. The workforce reductions stem from acquisitions and operational consolidations, complying with the WARN Act. Among the affected, LACROIX Electronics and Flagstar Bank stand out with considerable job cuts. The layoffs highlight broader trends in
News Summary TORC Robotics and Pro Services are set to generate 750 new jobs in Michigan, supported by an $18 million investment. Governor Gretchen Whitmer announced these initiatives, highlighting a new engineering center in Ann Arbor and an expansion in Kalamazoo County. The local EV sector is also progressing, with
